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The GSE Conservatorships: Fifteen Years Old, With No End in Sight

The Stoop (NYU Furman Center)

One, it placed the companies into conservatorship, an obscure legal status in which they would continue to operate, but with their regulator, the FHFA, [3] in operational control of the companies in lieu of their stockholders and boards of directors. However, it never made it past Senate Banking Committee approval in 2014.